Palm Abandons Foleo, Will Take $10M Charge

by admin September 5, 2007 at 4:00 pm

And so that’s that.

Palm on Thursday unceremoniously concluded the brief and uninspiring Foleo era when CEO Ed Colligan announced on the company’s blog that it was canceling production of the poorly thought-out mobile device.

Described as Palm’s first “smartphone companion,” Foleo received less-than-enthusiastic reviews after it was introduced in May during the D: All Things Digital conference in San Diego.

What was supposed to be a sleek and easy-to-type companion to its flagship Treo smartphone turned out to be a costly mistake. Colligan said in his posting the company will absorb a $10 million charge related to the costs of designing and ultimately circular-filing the project.

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